Since 2010, Akbank has issued USD equivalent of c. 3,7 billion * Eurobonds in TL and USD currencies * calculated by CBRT Exchange Rates as of 23.11.2018
| 2010 |
USD |
1000 |
5 |
3x |
Senior Unsecured |
| 2011 |
USD |
500 |
7 |
2x |
Senior Unsecured |
| 2012 |
USD |
500 |
5 |
9x |
Senior Unsecured |
| 2012 |
USD |
500 |
10 |
9x |
Senior Unsecured |
| 2013 |
TRL* |
1000 |
5 |
2,8x |
Senior Unsecured |
| 2015 |
USD |
500 |
5 |
3,5x |
Senior Unsecured |
| 2015 |
USD |
500 |
10 |
2,4x |
Senior Unsecured |
| 2017 |
USD |
500 |
10NC5 |
4x |
Subordinated Debt (Tier II) |
| 2018 |
USD |
400 |
10NC5 |
1,8x |
Subordinated Debt (Tier II) |
| Total (USD) |
|
4,971 |
|
Average 4,1x |
|
Eurobonds issued by Akbank predominantly attract US and European investors
| USM0300LAA46 / US00971YAA82 |
15.07.2010 |
22.07.2015 |
USD |
1.000.000.000 |
5,125 |
Irish Stock Exchange |
Eurobond OC 1 |
| EI5999889 Corp |
09.03.2011 |
09.03.2018 |
USD |
500.000.000 |
6,5 |
IrishStock Exchange |
Eurobond OC 2 |
| EJ4037614 Corp |
24.10.2012 |
24.10.2017 |
USD |
500.000.000 |
3,88 |
IrishStock Exchange |
Eurobond OC 3 |
| EJ4048264 Corp |
24.10.2012 |
24.10.2022 |
USD |
500.000.000 |
5 |
IrishStock Exchange |
Eurobond OC 4 |
| EJ5385632 Corp |
05.02.2013 |
05.02.2018 |
TL |
1.000.000.000 |
7,5 |
IrishStock Exchange |
Eurobond OC 5 |
| EK7028286 Corp |
23.01.2015 |
24.01.2020 |
USD |
500.000.000 |
4 |
IrishStock Exchange |
Eurobond OC 6 |
| EK8261373 Corp |
31.03.2015 |
31.03.2025 |
USD |
500.000.000 |
5,13 |
IrishStock Exchange |
Eurobond OC 7 |
Pioneer in Turkish Banking Sector Eurobond Issuances with milestone transactions:
- July 2010 – 5 year. USD 1 billion Corporate Eurobond:
- The first direct issue realized by a Turkish company registered by the Capital Markets Board.
- The lowest coupon rate corporate bond issued by a Turkish company in the international market as of the transaction date.
- Rated with an investment-grade rating of BBB- by Fitch and Ba1 by Moody’s: one notch above Turkey’s sovereign bond rating back then.
- March 2011 – 7 year, USD 500 million Eurobond
- The First Turkish Private Sector Corporation to Directly Issue a 7 Year Eurobond in the Capital Markets
- Rated with an investment-grade rating of BBB- by Fitch and Ba1 by Moody’s: one notch above Turkey’s sovereign bond rating back then.
- February 2013 – 5 year, TL 1 billion Eurobond
- The First Turkish Lira-Denominated Eurobond in International Capital Markets
- Oversubscribed by 3x
- Akbank became the first Turkish institution, including the Turkish Treasury, to issue Turkish lira-denominated Eurobonds in overseas markets as of the transaction date